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Latest: Asia Stock Market News

Drone Maker DJI Next Likely Target of US China Hawks – NYT
Drone Maker DJI Next Likely Target of US China Hawks – NYT

Congress is assessing a new law, passed unanimously by the House energy and commerce committee in March, which could kill much of DJI's business in the United States

Nikkei Enjoys Post-Holiday Boost, Hang Seng Edges Higher
Nikkei Enjoys Post-Holiday Boost, Hang Seng Edges Higher

Investors were in subdued mood ahead key data releases and the latest Fed meeting while the yen saw a turnaround in its fortunes

China’s Factory, Services Activity Cools in April Amid Slowdown
China’s Factory, Services Activity Cools in April Amid Slowdown

Official surveys of manufacturing and the service sector show economic momentum eased in April, although a private Caixin survey was slightly more positive

Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech
Shares of China Property Developers Rally on Stimulus Hopes
China Warns US Not to Implement Taiwan Aid, TikTok Sale
Hang Seng, China Stocks Gain on Property Boost; Nikkei Closed
China Brokerage Slashes Bankers’ Base Pay, Sources Say
Tesla Signs Deal With Baidu on China Roads Mapping Data
China-Russia Trade ‘Goes Underground’ as Big Banks Pull Back

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Markets: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors